Davis Polk advised Equinix, Inc. on its SEC-registered follow-on public offering of 6,069,444 shares of common stock including 791,666 shares that the underwriters purchased pursuant to their option to purchase additional shares. Equinix, Inc. intends to use the proceeds from the offering, together with the proceeds from its concurrent notes offering and existing term loan B borrowings, to finance the previously announced proposed acquisition of the colocation services business of Verizon Communications Inc. at 24 data center sites in the United States, Brazil and Colombia and related transaction fees and expenses and for general corporate purposes.
Equinix, Inc. (Nasdaq: EQIX) connects more than 8,500 companies directly to their customers and partners inside the world’s most networked data centers. Today, businesses leverage the Equinix interconnection platform in 41 strategic markets across the Americas, Asia-Pacific, Europe, Middle East and Africa.
The Davis Polk corporate team included partner Alan F. Denenberg and associates Emily Roberts and Dongbiao Shen. Partner Rachel D. Kleinberg and associate Lena X. Qiu provided tax advice. Associate Brantley Hawkins provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices